Economy in fiscal 'mess' - IFS urges govt to stop populism
Ken Ofori-Atta, Finance Minister

Finance Minister Ken Ofori-Atta has admitted that it was impossible for the government to have continued the partial lockdown imposed on Accra, Tema, Kasoa and Kumasi beyond the three weeks announced by President Akufo -Addo.

According to him, the Ghanaian economy, which is largely informal, could not sustain that decision beyond the three-weeks.

President Akufo-Addo on March 27th announced a partial lockdown as part of measures to curb the spread of the coronavirus pandemic in Ghana but lifted it after 3-weeks.

Speaking at an event at the Jubilee House, the Finance Minister said it was necessary to lift the lockdown.

“When you look at what happened during the lockdown. It was quite clear after a point that given the 90% of our population is informal and they go out each day to earn wages, it became increasingly impossible to continue with such a policy,” he said.

The Coronavirus (COVID-19) pandemic has had a significant adverse impact on the global economy.

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